Quantitative Aptitude - Arithmetic Ability Questions

Q:

A loan is made for $3500 with an interest rate of 9% and payments made annually for 4 years. What is the payment amount?

A) 8906 B) 1089
C) 1070 D) 1080.34
 
Answer & Explanation Answer: D) 1080.34

Explanation:

 

A=R[(1+i)^n-1]/i(1+i)^n

 

 

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

If a/(a+b) = 15/21, what is (a+b)/(a-b) is equal to?

A) 13/9 B) 23/11
C) 14/5 D) 21/9
 
Answer & Explanation Answer: D) 21/9

Explanation:

a/(a + b) = 15/21 → a = 15, a + b = 21

→ b = 21– 15 = 6
⇒ a – b =15 – 6 = 9
⇒ (a + b)/(a – b) = 21/9

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Filed Under: Simplification
Exam Prep: Bank Exams

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Q:

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A) 5years B) 6years
C) 7years D) 8years
 
Answer & Explanation Answer: A) 5years

Explanation:

I=prt

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Filed Under: Simple Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

To travel 720 km, a Express train takes 6 hours more than Duronto. If however, the speed of the Express train is doubled, it takes 2 hours less than Duronto. The speed of Duronto (in km/hr) is?

A) 60 B) 72
C) 66 D) 78
 
Answer & Explanation Answer: B) 72

Explanation:
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Filed Under: Time and Distance
Exam Prep: Bank Exams

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Q:

Calculate the effective interest rate compounded quarterly of a 13% annual rate.

A) 13.65% B) 14.665%
C) 15.65% D) 16.65%
 
Answer & Explanation Answer: A) 13.65%

Explanation:

E=(1+i/n)^n-1

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

What is the unit digit of (217)413 × (819)547 × (414)624 × (342)812?

A) 2 B) 4
C) 6 D) 8
 
Answer & Explanation Answer: D) 8

Explanation:
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Filed Under: Problems on Numbers
Exam Prep: Bank Exams

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Q:

How much water (in litres) must be added to 80 litres solution of milk and water containing 10% milk, so that it becomes a 5% milk solution?

A) 10 B) 20
C) 40 D) 80
 
Answer & Explanation Answer: D) 80

Explanation:
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Filed Under: Alligation or Mixture
Exam Prep: Bank Exams

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Q:

If x / y is an integer, which of the following statements need NOT always be true?

A) both x and y are integers B) only x is a integer
C) both are negative D) none
 
Answer & Explanation Answer: A) both x and y are integers

Explanation:

In case (A), x and y could, for example, both be equal fractions and x/y would be an integer.

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Filed Under: Numbers
Exam Prep: GRE

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